GAO weighs in on Navy shipbuilding delays With delays to major Navy shipbuilding programs continuing to be a major concern, and not least to Secretary of the Navy Carlos Del Toro, the U.S. General Accounting Office (GAO) has released
VIDEO: Crescent Towing takes delivery of new Z-drive tugboat New Orleans based Cooper Group subsidiary Crescent Towing recently took delivery of the M/V Angus R. Cooper II, a new 6,000 HP, tier 4, Z-drive tugboat constructed at Cooper Group's Blakeley BoatWorks
Dive boat fire captain sentenced to four year prison term Jerry Nehl Boylan, 70, the captain of the Conception, the Santa Barbara-based dive boat involved in the deadly 2019 fire that cost 34 lives, was yesterday sentenced to 48 months in federal
Logistics Challenges in Shipping Heavy Equipment Replacement Parts Taking a shipping container from point A to B involves many variables, from arranging the products inside the container to loading, hauling, tracking, and delivering. In addition, you must be aware of several regulations, permits, and documents to complete the transportation process legally. Shipping companies handle most of the logistics. However, suppose you run a company and want to handle the
DHL Supply Chain unveils global leadership team changes DHL Supply Chain has revealed strategic adjustments within its global leadership team. Through a partial restructuring of responsibilities and the introduction of fresh faces to the division's Global Board of Management, DHL Supply Chain is strategically aligning itself for future success. "The global logistics landscape is shifting rapidly, with economic pressures and geopolitical complexities p
Maersk slipping to third place, as MSC set to expand fleet lead According to Sea-Intelligence, when projecting the future fleet sizes of shipping lines, it's common to add the current fleet size to the size of the orderbook. However, this approach oversimplifies the dynamics, as shipping lines engage in various strategies such as trading in the second-hand market and adjusting their use of chartered vessels. A more comprehensive method involves analyzing the
Enhanced info sharing and heightened vigilane contribute to safer Asian waters Piracy and armed robbery of ships in Asian waters fell by 22% in the January-April period of 2024 compared to the same period last year. The decrease in this type of accident has mainly been caused by increased vigilance by the law-enforcing agencies in the countries with sea borders. During the first four months of 2024, some 31 incidents took place, according to the ReCAAP Information Sharing C
Evergreen and COSCO to transfer giant ships from North Europe to Mediterranean services Evergreen Marine Corporation and COSCO Shipping Lines will replace 13,000 TEU vessels with 20,000 TEU ships on their jointly operated Far East-Mediterranean service. The 20,000 TEU ships will be deployed from the companies' Far East-North Europe services, which will then operate with the 13,000 TEU ships. Alphaliner's latest report stated that the tonnage swap between the loops is due to the re-r
CMB.TECH-led JV reveals plans for Africa's first hydrogen-powered vessel A delegation has flown in from Belgium to Namibia this week to unveil plans for Africa's first hydrogen-powered ship. Cleanergy Solutions Namibia, a joint venture between CMB.TECH and the Ohlthaver & List Group, has hosted a showcase of the Cleanergy Green Hydrogen progress at the plant's site in Walvis Bay, expected to be operational in ...
Houthi leader vows to escalate attacks The leader of the Houthis has said his militia will escalate attacks unless Israel ends its war in Gaza and the US stops attacking Yemen. "We are preparing for a fourth round of escalation if the Israeli enemy and the Americans continue their intransigence," Abdul Malik Al-Houthi said in a televised speech on Thursday. Al-Houthi ...
Norwegians make tanker moves Norwegian shipowners have stayed quiet this year, with few deals to report. This has now changed. A string of deals is reported in the clean tanker segment. Brokers report this week that Bergen-based investment outfit Tailwind has snapped up two 20,000 dwt, 2016-built chemical tankers, TRF Kobe and TRF Kristiansand for $66 m. The ships are ...
Lomar focuses on building its dry bulk fleet Lomar is to deliver a further bulk vessel into service this month, its ninth acquisition in the past year. The newly renamed Ebury Trader will commence a long-term chartering arrangement with a global logistics provider, following the completion of upgrades at a shipyard in China that includes the installation of energy-saving devices. The vessel's entry ...
Long-term planning is obsolete thanks to speed of satcom evolution Nabil Ben Soussia, group COO of IEC Telecom, examines the impact of rapid change on the satcom industry. Fast-paced evolution within the satellite communications sector is transforming business planning - with only short to medium term predictions feasible in today's marketplace. Long term planning is now obsolete. Technology is developing so swiftly that business planning ...
Russia oil logistics hotspot off Greece interrupted Laconia Bay, a ship-to-ship transfer hotspot for Russian crude off the Greek coast, is free from Russian oil-carrying ships for...
The International Group is right. The Russia oil price cap is unenforceable The onus to sort this mess out rests with the politicians, not marine insurers. Given the inordinate amount of time...
Colombo cashes in on Red Sea rerouting at expense of Saudi majors Transhipment traffic may have ground to a halt in the Red Sea, but Sri Lanka's hub-and-spoke specialist has reaped the...
The Lloyd's List Podcast: What happens next for tankers? Talking tankers. Andrew Wilson, Head of Research and Consultancy Services at BRS Shipbrokers talks to Lloyd's List editor-in-chief Richard Meade...
The Lloyd's List Podcast: What happens next for dry bulk? Lloyd's List markets editor Rob Willmington talks to BIMCO chief analyst Niels Rasmussen about the outlook for the dry bulk...
The Lloyd's List Podcast: What happens next for containers? Unpacking the box market. Lloyd's List containers editor James Baker and Xeneta chief analyst Peter Sand guide you through the...
China's share of tanker newbuild orderbook hits nearly 65% as orders ascend The surge in orders for crude oil and product tanker newbuildings has been of particular benefit to Chinese shipyards, while...
The Alliance seeks slot deals to plug Hapag-Lloyd exit, says NYK chief Soga says bringing in a new member to The Alliance remains on the table, but it is not an easy...
Container demand uptick may be temporary Carriers are reporting strong demand and high load factors. But Red Sea delays have prompted cargo owners to bring forward...
Lomar adds to bulker spree with acquisition of China supramax Latest purchases brings investment in dry bulk tonnage to $127m in past year
US to launch new sanctions as North Korea breaches cap on petroleum imports Russia is shipping refined petroleum to North Korea at levels that exceed UN Security Council limits, according to the White...
Iran releases crew from MSC Aries Iranian foreign minister announces that the 25 crew of MSC Aries have been released and are free to go home...
Daily Briefing High freight premiums to ship Russian crude supercharge profits for sanctioned trades | How El Niño collided with neopanamax locks'...
Daily Briefing Colombo cashes in on Red Sea rerouting at expense of Saudi majors | The View: The International Group is right...
Key rail executives back intermodal business despite questions over margins The chief executives of BNSF and UP argue that while shareholders judge them on financial metrics, it would be a mistake to shun intermodal business simply because its margins are not as good as hauling other types of freight.
XPO readies former Yellow terminals as LTL shipment count rises The third-largest US LTL provider is joining competitors renovating and opening terminals acquired from Yellow and expects to complete that work by early 2025.
Capacity injection sends India-US spot rates sharply lower for May sailings ONE's West India-North America Express (WIN) service is set to debut at Nhava Sheva with a May 12 call from the ONE Modern.
Shippers, forwarders add tight ocean space to Asia-Europe market challenges European importers are shrugging off gloomy economic forecasts, but rising volume out of Asia is putting pressure on available capacity that is already stretched by longer transits around southern Africa.
Excess capacity hangs over recovering container market: Maersk CEO Sailing the longer voyages around southern Africa has allowed carriers to address their excess capacity challenges, but that is a short-term fix for a problem that is not going away, according to Vincent Clerc.
Capesize spot rates bounce 13% in a day as mining giants grab tonnage Large bulkers see gains for fourth-straight day after starting week with drop to two-month low
Red Box co-founder says US sanctions decision is 'wrong' Singapore heavylift vessel operator engages lawyers to appeal decision
Editor's selection: Price cap under fire and a $30bn newbuilding deal Catch up on the best shipping news stories from the past week
Chinese buyer snaps up Fractal Shipping-linked VLCC Tanker flipped from Swiss company to Dubai outfit to Marshall Islands entity before sale
Cheniere Energy pushes back on talk of LNG market oversupply Producing giant's first quarter figures hit by gas price volatility
Houthis ramp up threats against ships heading to Israeli ports in fresh escalation Military spokesman announces fourth phase of operations after months of attacks
P&I Clubs face cost spike as battle over Baltimore bridge disaster rumbles on Reinsurance costs could rise for years with cost of bridge collapse estimated at $3bn, says Gallagher
Lithuania FSRU heads for first dry-docking prior to ownership transfer Operator KN Energies extends its reach with first Germany job
Maersk counts environmental cost of Red Sea disruption Meeting Maersk's own climate targets poses a greater challenge than complying with Europe's carbon levy
'Plot of brutal billionaire corruption': VLCC chartering probe plays out on national television Attorney general seeking arrest warrants in case relating to deals for at least eight tankers
Russia and Kazakhstan to boost tanker loadings after CPC mooring work Key export terminal will be able to load three ships simultaneously from July 2025
Sanctions under scrutiny and Carnival cruising on gas in this week's Wavelength podcast Sanctions effectiveness under review, the explosion of the LNG carrier orderbook, and why Carnival says LNG is its fuel of choice
Saevik family sells stake in cruise ferry firm as offshore prospects draw stalwart's gaze Owner Per Saevik sees 'reasonable period' ahead for offshore segment
Lomar snaps up supramax to take 12-month bulker spend to $127m Owner will fit energy-saving devices ahead of long-term charter
Connecticut tanker brokerage Dietze locked in $1.4m legal battle with former partner and major shareholder Court has escrowed $600,000 in sale of Dietze offices to rival tanker house MJLF
'Anti-anti-injunction': Lawyers reveal Euronav's rare legal bid in $35m 'Iranian' crude case UK law firm CJC says it thwarted shipowner's move in London High Court
Dan Sten Olsson's Stena resists competitors in 'fast-moving and uncertain world' Swedish giant's boss says group proved resilient in 2023
International Seaways lifts product tanker newbuilding orderbook to $350m with latest pair New York-listed tanker owner has a total of six panamax-size product carriers on order
Chemical tankers at their peak ahead of Odfjell earnings Bank gives Bergen-based owner a NOK 190 target price
Wilhelmsen elects former Danske Bank CEO as new board member after Westlie leaves Borgen was chief executive of Danske Bank from 2013 to 2018
Tankerska Plovidba aims to mop up remaining $39m chunk of shares in compatriot Atlantska Share offer comes two months after Zagreb-listed owner took control of its rival
Bonheur sees profitability winnowed as segments run into roadblocks Fred Olsen group holding company sees lower utilisation for wind vessels and lower passenger income in cruise
BW LPG makes domicile switch to Singapore as it bids for 'strategic flexibility' Shareholders will be asked to vote on move from Bermuda
Two UK-listed insurers confirm exposure to Baltimore bridge disaster Details begin to emerge of who will foot the bills after bridge insurer Chubb agrees to pay $350m
Evalend Shipping named as owner behind LNG carriers ordered at HD Hyundai Heavy Industries Shipowner looks set to boost its LNG fleet to six but deal reveals strong pricing
Belships secures $190m loan financing as it cuts interest rate cost Loan is the only facility the shipowner has
US accuses Russia of shipping oil to North Korea in breach of UN cap White House security spokesman promises new sanctions to hit trade
Iran releases crew of seized MSC and Zodiac-linked container ship in 'humanitarian act' Foreign minister says captain and seafarers are free to return home, but vessel will remain
Danish banking giant Danske's shipping book grows to $3.3bn in first quarter CEO says macroeconomic uncertainty remains high due to geopolitics
Capesize futures market fizzes as freight rates snap losing streak Futures market saw big gains on Thursday as suddenly everything started to look a little more rosy
Danish banking giant Danske's shipping book grows to $3.3bn in first quarter CEO says macroeconomic uncertainty remains high due to geopolitics
X-Press Feeders arrests Chinese-owned feeder container ship in Singapore However, the Xin Xin Shan's current owner is not the party that the feeder giant has a legal beef with
Sinokor VLCCs detained in UK and Norway after failing safety inspections Reasons for detentions range from ISM failures to missing certificates
Deals, banks and growing pains: How Tidewater pulled off over $2bn in takeovers and still wants more CEO Quintin Kneen says market may not justify high price expectations for purchase candidates
Loneliness and isolation 'deeply' concerning among Indian seafarers, says mental health charity MHSS expert Julia Oppermann says cultural differences are proving problematic on vessels
Methane abatement group homes in technology trials to cut methane slip Shipowners Capital Gas, MSC and Seapeak complete feasibility studies in preparation for onboard testing
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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